You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
seems to me the only traders who would feel
pinch are the ones who are high frequency
, small profit margin types .. not that I am in
favor of MORE taxes , maybe I favor taxes that promote
competition as well as jump start a recovery . Eliminate
taxes that do not stimulate .......
pinch are the ones who are high frequency
, small profit margin types .. not that I am in
favor of MORE taxes , maybe I favor taxes that promote
competition as well as jump start a recovery . Eliminate
taxes that do not stimulate .......
Quote from Alcibiades:
seems to me the only traders who would feel
pinch are the ones who are high frequency
, small profit margin types .. not that I am in
favor of MORE taxes , maybe I favor taxes that promote
competition as well as jump start a recovery . Eliminate
taxes that do not stimulate .......
To understand the impact of the tax, take your trades from 2011 & calculate 1/4% of the total amount of buys & sells (not the profits) and see just how hard you would be impacted. The totals can be found on your tax return. Remember, it's not 1/4% of the profit. Sum the total amount of your buys with the total amount of your sells & take that figure & multiply by 1/4%. You'll then understand the weight of this tax. It's much different than 1/4% increase in capital gains taxes.
Quote from Alcibiades:
seems to me the only traders who would feel
pinch are the ones who are high frequency
, small profit margin types .. not that I am in
favor of MORE taxes , maybe I favor taxes that promote
competition as well as jump start a recovery . Eliminate
taxes that do not stimulate .......
To buy and sell 1 ES contract will be $337.50 in tax.
That's a deal killer.
A close friend of my wife works for a political consulting firm. She said that many unions have made the FTT a "money and votes" issue. In other words, in order to get union money and support political candidates must promise to support the FTT.
Quote from tomdavis:
A close friend of my wife works for a political consulting firm. She said that many unions have made the FTT a "money and votes" issue. In other words, in order to get union money and support political candidates must promise to support the FTT.
The whole union and democrat scheme is basically criminal racketeering. Even the beloved JFK warned about this.
If someone in a private corp/industry did the deals that unions and democrats do, there would be prison time.
The whole french election is going to get all the libtards and socialists all fired back up about the FTT.
I said this awhile back....do not be surprised to see odumbo pull the FTT card if the election is tight to the wire.
Quote from Alcibiades:
seems to me the only traders who would feel
pinch are the ones who are high frequency
, small profit margin types .. not that I am in
favor of MORE taxes , maybe I favor taxes that promote
competition as well as jump start a recovery . Eliminate
taxes that do not stimulate .......
Point taken
Quote from seasideheights:
To understand the impact of the tax, take your trades from 2011 & calculate 1/4% of the total amount of buys & sells (not the profits) and see just how hard you would be impacted. The totals can be found on your tax return. Remember, it's not 1/4% of the profit. Sum the total amount of your buys with the total amount of your sells & take that figure & multiply by 1/4%. You'll then understand the weight of this tax. It's much different than 1/4% increase in capital gains taxes.
sorry for last post .... was replying to this as
point taken and thank you